On May 28, United Microelectronics (UMC) rose 3.02% overnight, trading at $22.82/share, with trading volume of approximately $3.46 million.

On the news front, UMC held its annual shareholders meeting where CFO Liu Qidong stated that due to higher expansion costs at its Singapore fab, the company will implement selective price increases in H2 this year, with more comprehensive price adjustment negotiations with customers planned for 2027. The company reported Q1 net profit surging 108% year-over-year to NT$16.17 billion, significantly exceeding market expectations, with gross margin reaching 29.2% and capacity utilization rising to 79%. Q1 average selling prices grew 8% YoY, with Q2 expected to rise an additional 5-7%, potentially pushing gross margins above 30%. Additionally, UMC spent approximately NT$1.03 billion acquiring mechanical equipment from Tokyo Electron for production capacity expansion, further reinforcing market confidence in the company's growth trajectory.

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